Tag Archives: Life Insurance

If a company turns you down for a policy, try another company. Companies use different methods and factors to decide whether or not to insure you. For example if you have high blood pressure that you control with medication, one company might reject you while another company may accept you. If you have a medical problem, it’s a good idea ...

You can obtain life insurance policies through agents or brokers, by mail, via the Internet, or through group plans offered by your employer or an association. No matter how you buy your life insurance, you should only buy from a licensed company that offers policies approved in the state you live in. Insurance shopping tips First, set the goals you ...

Imagine a policyholder dies and no one makes any claims, who gets to keep the money. That’s right, the insurance provider has pure profit, since they can hold on to these funds for sometime before turning it over to the state as unclaimed property and during this period they can invest the funds for profit. Well a new law passed ...

Relevant life insurance is a comparatively new variety of insurance that is gradually garnering popularity among high-earning employees and directors of companies that don’t qualify for group life insurance cover. Under a relevant life cover, the beneficiaries or family members of the insured individual receive the payout when the policyholder passes away before the completion of the policy term. This ...

As an employer of a small business if you are paying up huge taxes on conventional life insurance coverage for your employees, you might as well seek the aid of the relevant life policy. It is a life assurance cover with a difference that has a range of tax benefits. As you go through the write up you will come ...

Recently you hear in the news about Tax Court making negative decisions regarding whole life insurance. Usually case involves a policyholder challenging insurance company and or IRS regarding a 1099 reporting and the result usually means the policyholder looses. So most policyholders are really upset. Why? In most cases this results from a mishandled tax deferred account or a cash ...

Life has a way of throwing unexpected financial roadblocks, detours and potholes in our path. These might be large medical bills, car or home repairs, a death in the family, loss of a job, or expensive legal problems. Such financial emergencies can derail your efforts to save for retirement or other goals. Here are some strategies for managing financial crises. ...

Do you need insurance? THAT is the question that most people ponder on over and over again. The moment that you start earning your own money, it is very essential that you start considering getting insurance, whether it is health, home, auto, etc. Why? Why you need Insurance There are times in your life that it is not possible to ...

Couples divorcing already have a lot of issues to resolve and caught in all the emotions and lawyers and court is not easy. Here is some advice on how to take care of insurance when you go through this. Usually you put in place insurance policies for protection and because marriage has ended does not mean you no longer need ...

Most people think that life insurance is simply for the wealthy. That couldn’t be further from the truth; in fact, life insurance is more crucial for lower and middle-income workers. Unfortunately, without enough life insurance, your family could be put in an extremely tough financial position if anything happens to you. By purchasing too much life insurance, you could be ...